International Real Estate Company REMAX aims to lure Chinese investors to Portugal with the aid of the Belt and Road Fintech Development Center
HONG KONG, June 27, 2018 /PRNewswire/ -- Chinese investors are expected to remain active in the European real estate market in 2018 despite China's new controls on outbound investment. Portugal remains one of the top locations in Europe for Chinese property buyer due to its competitive prices and golden visa program. Even though 2017 see an increase in Chinese property buyer, The British and Brazilian is still the top investor in the market.
International Real Estate Company REMAX Portugal's General Manager, Mr. Mario Adelino Raposo, met up with Belt and Road Fintech Development Center, Mr. Jerome Ang in Lisbon during April 2018 to discuss plans to connect between Lisbon's up and coming property project and potential Chinese investor. REMAX plans to tap on BNR Fintech Development center's vast resource in China to lure the next wave of Chinese investor. "Chinese property buyer is not just looking at residential homes anymore, a large number of Chinese have started looking at commercial properties. These commercial properties will fetch excellent rental yield over the next 5 years due to tourism industry boom," commented Mr. Ang during the meeting. Mr. Ang also added that, "REMAX Portugal excellent track records and vast experience dealings both residential and commercial property projects will be the ideal platform for our Chinese buyers. We are looking forward to subsequent meetings to plan out details on this partnership."
REMAX, short for "Real Estate Maximums," is an American international real estate company that operates through a franchise system. The company has held the number one market share in the United States and Canada since 1999, as measured by residential transaction sides. RE/MAX has more than 100,000 agents in 6,800 offices. REMAX operates in about 100 countries.
The Belt and Road Fintech Development Centre (www.bnrfintech.org) was founded in Hong Kong SAR in August 2017 and is made up of industry leaders from the Belt and Road economic region. The aim of BNR Fintech is to help bridge various Belt and Road related projects, especially where there is an opportunity for application of Fintech concepts.
Both parties express their delight to be able to forge a possible partnership that will help explore business and investment opportunities to promote the expansion of the firms.
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